How Wrongful Death Settlements are Paid Out
Try as you may, you can never put a dollar amount on a loved one’s life, so when a death happens, most of us are left grieving the loss of the individual without thinking that there must be some avenues one can take to get closure and justice for the death of this loved one. Wrongful death is a part of civil law that attempts to make you whole again by paying out what’s called damages so you can get the resources you need to cushion you from this tragic event. Wrongful death settlements range in amount, but they all follow a similar route with regard to their payouts.
Are you looking for a wrongful death attorney? The wrongful death lawyers at McCready Law are ready and waiting to help you get the compensation you deserve after the untimely demise of your loved one. We have over 90 YEARS of combined legal experience helping individuals just like you get the justice and compensation you deserve. Please call us NOW at (773) 825-3651 to learn more about the legal options available to you as far as filing a wrongful death claim is concerned. We work on contingency fee basis, and what this means is that we handle your case at no cost to you and only charge you our fees once we’ve recovered compensation on your behalf. Want to learn more? Please contact our experienced wrongful death lawyers NOW at (773) 825-3651 for your FREE legal consultation. Serving all wrongful death victims countrywide.
Here is how wrongful death settlements are paid out:
- As lump-sum payments – this means that you will receive all damages at one go, and this typically includes economic and non-economic damages. What’s great about receiving a lump-sum payment for wrongful death claims is that you can take care of all pending medical and other bills and have that weight off your shoulders once you receive the amount in your account. In addition, a lump-sum payment for wrongful death lawsuits allows you to avoid any interest and related fees that may accrue due to non-payment of said bills.
- Structured settlement – these payments are doled out in a regular manner as decided by the two parties in the negotiation terms. They can be doled out monthly or fortnightly, or even every couple months. Structured payments for wrongful death claims are typically paid out over a longer period of time, and they may be ideal for someone who already has a pot from which they can dip into to pay off any pending bills and expenses tied to the deceased.
Wrongful Death Attorneys – There for You, Every Step of the Way
A wrongful death award or settlement is usually paid out by the at-fault’s insurance company. However, this may be complicated by things such as the policy limit held by the defendant. In addition, insurance companies are notorious for paying just peanuts, or denying the claim outright due to frivolous reasons. It’s because of this that you need an aggressive wrongful death attorney to help you fight these mega entities so you and your family can recover what’s rightfully yours. Need to speak to someone regarding your wrongful death lawsuit? Call (773) 825-3651 NOW to speak with one of our experienced attorneys. Thanks, and we look forward to hearing from you.